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Dec 27, 2012
12/12
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FBC
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rich: we're about 12 hours closer to the fiscal cliff as far as negotiations are concerned. the senate is in town. they are meeting but not working on anything fiscal cliff related. the house is coming back on sunday evening according to a republican source, eric cantor, the house majority leader making that announcement on a conference call just a couple of hours ago. so they will be in town. but still we're all waiting on some type of agreement from congressional and perhaps the president, leaders, to have some type of framework for democrats and republicans to vote on. right now we're not there, and so far both sides have taken to blaming one another. >> the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of the house of representatives to get what they want. if the 250 would be brought up, it would pass overwhelmingly. >> we wanted an agreement. but we had no takers. the phone never rang. and so now here we are five days from the new year and we might finall
rich: we're about 12 hours closer to the fiscal cliff as far as negotiations are concerned. the senate is in town. they are meeting but not working on anything fiscal cliff related. the house is coming back on sunday evening according to a republican source, eric cantor, the house majority leader making that announcement on a conference call just a couple of hours ago. so they will be in town. but still we're all waiting on some type of agreement from congressional and perhaps the president,...
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Dec 30, 2012
12/12
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MSNBCW
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there are ways to avoid the fiscal cliff in the next 36 hours. >> what is that mood like? i know you have been talking to them day in and day out. i was asking you on the commercial break what you are doing on capitol hill, what you are doing now. a lot of hurry up and wait. >> there's a lot of frustration. everybody understands this is a very serious issue. 36 hours from now, the fiscal cliff takes effect if there's inaction. there's some optimism. there's reason to be hopeful. i think the senate is going to come up with a plan we'll be able to vote on in the house. if not, the president put forward a plan that is ready to go now. there's no reason we can't get that done. >> the president has a back-up plan, he wants you to put something forward to make sure the tax cuts stay in place for the middle class. it's something you can support. what is your threshold? is it $400,000 or $500,000? if reid and mcconnell come up with a deal, what would you support? >> i would support $250,000. it's probably going to be higher than $250,000 somewhere between 400,000 and 500,000. if t
there are ways to avoid the fiscal cliff in the next 36 hours. >> what is that mood like? i know you have been talking to them day in and day out. i was asking you on the commercial break what you are doing on capitol hill, what you are doing now. a lot of hurry up and wait. >> there's a lot of frustration. everybody understands this is a very serious issue. 36 hours from now, the fiscal cliff takes effect if there's inaction. there's some optimism. there's reason to be hopeful. i...
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is still stuck on the edge of its fiscal cliff with very hours left before a tough mix of tax hikes and spending cuts it hits americans. best gaiters begin at rooting out possible causes from the deadly plane crash in moscow where our correspondent at the scene plants the tragedy step by step. dance from a restive middle east and arab world to europe's money roller coaster and the russian public getting it to be vocal they sum up the major events that shaped the twenty twelve. year with r t world news and much more twenty four hours a day. trying to pull the u.s. back from the brink of the fiscal cliff couldn't get much closer to the one that in a few hours americans will be hit hard by billions of dollars of tax hikes and spending cuts which will automatically come into effect on tuesday but republicans and democrats just can't agree on how to avert it and time is rapidly running out well here's our washington correspondent. the u.s. congress created this cliff situation when they failed to agree on a budget that would help the country reduce its deficit and its you monger's debt and w
is still stuck on the edge of its fiscal cliff with very hours left before a tough mix of tax hikes and spending cuts it hits americans. best gaiters begin at rooting out possible causes from the deadly plane crash in moscow where our correspondent at the scene plants the tragedy step by step. dance from a restive middle east and arab world to europe's money roller coaster and the russian public getting it to be vocal they sum up the major events that shaped the twenty twelve. year with r t...
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Dec 31, 2012
12/12
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KTVU
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congress has 14 hours to keep the u.s. economy from going over the fiscal cliff. if lawmakers don't reach a solution by midnight tonight, east coast time, income tax rates will increase for all americans. coming up at 7:15, the two key players who are now in charge of negotiating a last-minute deal. >>> time now, 7:03. grocery stores and other stores in alameda county who sell food and alcohol won't be able to give you plastic bag. in place of the single use bags, stores can use paper or reusable bags but will have to charge you at coast a -- at least a dime per bag. those who collect food stamp the won't have to pay -- stamps won't have to pay. >>> minimum wage goes up to 10.55 tomorrow. university of kentucky economists say that's hurting the youngest members of the work force because employers don't want to pay teenagers more than $10 plus benefits to get their first jobs. >>> just over an hour ago, millions of people in sydney, australia, rang in 2013. [ cheers ] >> crowds gathered to watch the skyline explode with fireworks. 1.5million people were expected to
congress has 14 hours to keep the u.s. economy from going over the fiscal cliff. if lawmakers don't reach a solution by midnight tonight, east coast time, income tax rates will increase for all americans. coming up at 7:15, the two key players who are now in charge of negotiating a last-minute deal. >>> time now, 7:03. grocery stores and other stores in alameda county who sell food and alcohol won't be able to give you plastic bag. in place of the single use bags, stores can use paper...
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is still stuck on the edge of its fiscal cliff with only hours left before a tough mix of tax hikes and spending cuts hit americans. investigators begin ruling out possible causes for the deadly plane crash at a moscow airport our correspondent at the scene outlines the tragedy step by step. from the rest of the middle east and arab world to europe's money roller coaster the russian public getting more politically vocal and we sum up the major events that shaped twenty twelve. well it's a pleasure to have you with us here on new year's eve here in the russian capital the big show planned for you as we count down the last two hours of twenty twelve. thank you for joining us. now trying to pull the u.s. back from the brink of the fiscal cliff it couldn't get much closer to the wire at this point in just a few hours americans will be hit hard by billions of dollars of tax hikes and spending cuts which will automatically come into effect on tuesday the republicans and democrats are now in a last minute effort to avert it this time rapidly runs out how washington correspondent guy nature can
is still stuck on the edge of its fiscal cliff with only hours left before a tough mix of tax hikes and spending cuts hit americans. investigators begin ruling out possible causes for the deadly plane crash at a moscow airport our correspondent at the scene outlines the tragedy step by step. from the rest of the middle east and arab world to europe's money roller coaster the russian public getting more politically vocal and we sum up the major events that shaped twenty twelve. well it's a...
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Dec 31, 2012
12/12
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CNBC
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last trading hour for the whole year. the fiscal cliff, there may be a merge. we'll bring more on that. >> take a look at the charts. this tells the story in the last few minutes with mitch mcconnell on the floor saying that we are very, very close. we'll get more details from john harwood in a moment, but right now the markets are voting and they're giving thumbs up with the dow up 138 points. nasdaq up 2% right now. it's been strong all day. now at 3,020. and the s&p up 1.5%. >> look at those stocks go. president obama saying a fiscal cliff agreement is quote, in sight. mitch mcconnell moments ago saying quote, we are very, very close. >> to d.c. and john harwood. he and eamon have been monitoring all day. why are we close but not there yet? what's left, john? >> what's left is the agreement between the two parties on delaying those automatic across the board defense and domestic budget cuts which nobody wants. they deliberately set up so they wouldn't take place. democrats want to defer those for a year. republicans say we're only going to put them off to th
last trading hour for the whole year. the fiscal cliff, there may be a merge. we'll bring more on that. >> take a look at the charts. this tells the story in the last few minutes with mitch mcconnell on the floor saying that we are very, very close. we'll get more details from john harwood in a moment, but right now the markets are voting and they're giving thumbs up with the dow up 138 points. nasdaq up 2% right now. it's been strong all day. now at 3,020. and the s&p up 1.5%....
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Dec 30, 2012
12/12
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FOXNEWSW
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cliff crisis. as the hours tick down, neither side is optimistic a deal wills be reach by the deadline.ti what will that mean for the american people?er eric? >> again, i'm on record assaying i was with you huddy s this morning saying we should name it the obama life and swan dive offit of it because it is the only way democrats will cut spending because they are forced into it.ap if a deal doesn't get struck the next couple of months people's pay checks will get smaller because payroll taxes will have expired. pay taxes a different way because the alternative minimum tax won't be patched and will have to be addressed as well. spending cuts over time willnk happen as well.st i think the stock market will get hit hard. here i am saying let's do thiss i have the most to lose of anyk one i know. it is the o only way to fix thh economy. economy. >> okay. take us through what each side is wanting. >> here's what the deal is. president obama wants tax cuts to expire for everyone except those making $250,
cliff crisis. as the hours tick down, neither side is optimistic a deal wills be reach by the deadline.ti what will that mean for the american people?er eric? >> again, i'm on record assaying i was with you huddy s this morning saying we should name it the obama life and swan dive offit of it because it is the only way democrats will cut spending because they are forced into it.ap if a deal doesn't get struck the next couple of months people's pay checks will get smaller because payroll...
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Dec 29, 2012
12/12
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FOXNEWSW
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cliff crisis. but as the hours tick down, neither side is optimistic. what will that mean for the american people? eric? >> again, i am on the record as saying, i was with you this morning saying i think we should name it the obama cliff and i think we should swan dive off of it because it's the only way democrats will cut spending because they are forced into it. if nothing happens, if a deal isn't struck over the next couple of months, people's paychecks will get smaller because payroll taxes will have expired. peopleville to pay in because the alternative minimum tax won't be patched. taxes will go up. spending cuts over time will happen as well. the stock market, i think the stock market will be hit hard. but again, here i am saying, let's do this. i have the most to lose of anyone i know. it's the only way to fix the economy. it's the best thing for the economy. >> okay. take us through what each side is wanting. >> here's what the deal is. president obama wants tax cuts to expire for everyone
cliff crisis. but as the hours tick down, neither side is optimistic. what will that mean for the american people? eric? >> again, i am on the record as saying, i was with you this morning saying i think we should name it the obama cliff and i think we should swan dive off of it because it's the only way democrats will cut spending because they are forced into it. if nothing happens, if a deal isn't struck over the next couple of months, people's paychecks will get smaller because payroll...
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with only hours left in fiscal cliff talks congress is calling it a rout no vote tonight in the house of representatives so what does this all really mean and is the damage already done. twenty twelve is almost coming to an end a look back at some of our most memorable stories here at our teeth and new beginnings. when soldiers return from war the veterans administration helped many of them get back on their feet the dark secret lies within the walls of the v.a. hospital in washington d.c. we'll tell you about a culture of drug dealing that has reportedly taken over at the hospital. it is monday december thirty first new year's eve in washington d.c. i'm christine for his hour and you're watching our t.v. . well get your parachutes everyone it looks like we will be going over the fiscal cliff after all the u.s. house of representatives has announced they will not be voting tonight on a budget deal now this may sound very dramatic but a few things to note tomorrow is a federal holiday markets will not be open if congress votes on this next week they could pass legislation retroactively
with only hours left in fiscal cliff talks congress is calling it a rout no vote tonight in the house of representatives so what does this all really mean and is the damage already done. twenty twelve is almost coming to an end a look back at some of our most memorable stories here at our teeth and new beginnings. when soldiers return from war the veterans administration helped many of them get back on their feet the dark secret lies within the walls of the v.a. hospital in washington d.c....
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Dec 30, 2012
12/12
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FOXNEWSW
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cliff crisis. but as the hours tick down, neither side is optimistic. what will that mean for the american people? eric? >> again, i am on the record as saying, i was with you this morning saying i think we should name it the obama cliff and i think we should swan dive off of it because it's the only way democrats will cut spending because they are forced into it. if nothing happens, if a deal isn't struck over the next couple of months, people's paychecks will get smaller because payroll taxes will have expired. peopleville to pay in because the alternative minimum tax won't be patched. taxes will go up. spending cuts over time will happen as well. the stock market, i think the stock market will be hit hard. but again, here i am saying, let's do this. i have the most to lose of anyone i know. it's the only way to fix the economy. it's the best thing for the economy. >> okay. take us through what each side is wanting. >> here's what the deal is. president obama wants tax cuts to expire for everyone
cliff crisis. but as the hours tick down, neither side is optimistic. what will that mean for the american people? eric? >> again, i am on the record as saying, i was with you this morning saying i think we should name it the obama cliff and i think we should swan dive off of it because it's the only way democrats will cut spending because they are forced into it. if nothing happens, if a deal isn't struck over the next couple of months, people's paychecks will get smaller because payroll...
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Dec 28, 2012
12/12
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MSNBCW
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on the fiscal cliff. with me now former pennsylvania democratic congressman and retired three-star navy admiral joe sestak who served as campaign press secretary for rick santorum. i want to get -- quick sfrons you about general schwartzkopf. you are a military man. it is remarkable to me while he was very much involved in desert storm, he was a little critical of the iraq war when no weapons of mass destruction were found the second time. >> i think that's because his legacy will be that he is a soldier's soldier. as was mentioned he knew when was the cost of this war. not only for the nation but individuals. if you remember that one briefing, mother of all briefings, one journalist said to him why isn't the marine corps going more quickly lou the mine fields and looked at that journalist and said have you ever been in a minefield? i have in viet ma'am. put each foot down not knowing if it will be blown off. he was cautious for the nation and for his men and women. what a great general. >> indeed. now we
on the fiscal cliff. with me now former pennsylvania democratic congressman and retired three-star navy admiral joe sestak who served as campaign press secretary for rick santorum. i want to get -- quick sfrons you about general schwartzkopf. you are a military man. it is remarkable to me while he was very much involved in desert storm, he was a little critical of the iraq war when no weapons of mass destruction were found the second time. >> i think that's because his legacy will be that...
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Jan 1, 2013
01/13
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WMAR
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. >> reporter: the first order of business tackling the fiscal cliff passed in the senate just hours earlier. under terms of the legislation taxes on the middle class will not go up. individuals earning $400,000 a year or more and households earning $450,000 a year or more will see the levels return to clinton are a taxes. >> i think that we've made gigantic prog gressments i hope that we can have a bipartisan agreement as we go forward. >> vice-president joe biden -- >> we are losing an opportunity for reform. >> reporter: opponents of the deal said it was done in haste. >> senator mitch mcconnell said this shouldn't be the model and the senate proceed like a bull in a china closet anyway. >> reporter: if the deal is passed in the house, the president is expected to sign this, killing the tax hikes. i'm elizabeth corey done reporting. >> the senate bill's lack of spending cuts is a concern. house majority leader eric cantor said this is not over yet. >>> the new year was also the deadline to apply for the state's homestead tax credit. december 31st was the deadline this get the appl
. >> reporter: the first order of business tackling the fiscal cliff passed in the senate just hours earlier. under terms of the legislation taxes on the middle class will not go up. individuals earning $400,000 a year or more and households earning $450,000 a year or more will see the levels return to clinton are a taxes. >> i think that we've made gigantic prog gressments i hope that we can have a bipartisan agreement as we go forward. >> vice-president joe biden -- >>...
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Dec 31, 2012
12/12
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WJLA
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the fiscal cliff deadline is just hours away and no deal. how high will taxes go? >> some homes in the prince william counties area will not be getting a local newspaper anymore. i will have details coming up. >> thank you. 2013 with these live pictures has started in some parts of the world. they are ringing in the new year with the big fireworks display right now in new zealand. beautiful display. good morning, washington. i am scott newman. i's check out our new your forecast. >> it is a pretty decent look at 2012. it 2013 not quite as gray. most of the week should be fine. we have the clouds pushing in from the west. they will slowly increase throughout the day today. i think we will have a lot of filtered sun shine through the morning hours. 21 in manassas. at 24, dulles. 30, d.c. we will warm up throughout the day into the low to mid 40's. right about where we should be for this time of year. more on a wintry mix shortly with the seven-day forecast. let's see how things are moving this morning. a few accidents. >> that right. the major accident is in virginia
the fiscal cliff deadline is just hours away and no deal. how high will taxes go? >> some homes in the prince william counties area will not be getting a local newspaper anymore. i will have details coming up. >> thank you. 2013 with these live pictures has started in some parts of the world. they are ringing in the new year with the big fireworks display right now in new zealand. beautiful display. good morning, washington. i am scott newman. i's check out our new your forecast....
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Dec 31, 2012
12/12
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KGO
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live look at the big board, dow is calm, nearly up four points before the 11th hour fiscal cliff >>> 52 in san francisco, san rafael, half moon bay and richmond san jose 55, oakland 54, concord 53. traveling today, no worries until youpc get near crescent city where we have a chance of being sideswiped by a shower there 49, tahoe 30, 36 yosemite today. warmer down south near 60 palm springs, san diego and l.a. take your sunglasses there. >>> let's check in with ron claiborne for what is coming up on "good morning america." >>> breaking news overnight secretary of state clinton in the hospital diagnosed with a blood clot the latest on her condition. plus, starting the countdown to midnight early this morning in times square, next on gma. >>> new york woman accused of shoving a man to his death in the subway erika menendez is well-known to police, arrested three times, she was raysed two days ago, 24 hours after she -- pushed a man into the path after oncoming train. she told police she hated muslims and hindus and pushed the man because he was muslim. she has been charged with murder
live look at the big board, dow is calm, nearly up four points before the 11th hour fiscal cliff >>> 52 in san francisco, san rafael, half moon bay and richmond san jose 55, oakland 54, concord 53. traveling today, no worries until youpc get near crescent city where we have a chance of being sideswiped by a shower there 49, tahoe 30, 36 yosemite today. warmer down south near 60 palm springs, san diego and l.a. take your sunglasses there. >>> let's check in with ron claiborne...
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Dec 31, 2012
12/12
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we're here today because there's no deal and we are hours away from the fiscal cliff. here with us now, republican senator from tennessee and member of the senate banking committee, senator bob corker. senator, thanks for being on the show. we appreciate it. >> good morning. >> robert gibbs was characterizing many republicans as 5-year-olds that will not eat their vegetables, and every time we try and get them to eat their vegetabl vegetables, they ask for a smaller and a smaller and a smaller pea and it gets down to one pea on a plate. is that fair? >> look, this whole thing's a national embarrassment. i think it's an embarrassment to the president, it's an embarrassment to both sides of the aisle and to both the house and the senate. >> how do we get out of it? >> well, first of all, i mean, whatever happens today is really inconsequential. it really doesn't matter. it's going to happen. we will have a solution, but as jeffrey was saying earlier, we still haven't moved any closer to solving our nation's problems. and so, now what will happen is this will be put off,
we're here today because there's no deal and we are hours away from the fiscal cliff. here with us now, republican senator from tennessee and member of the senate banking committee, senator bob corker. senator, thanks for being on the show. we appreciate it. >> good morning. >> robert gibbs was characterizing many republicans as 5-year-olds that will not eat their vegetables, and every time we try and get them to eat their vegetabl vegetables, they ask for a smaller and a smaller...
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Dec 31, 2012
12/12
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FBC
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teenine is nine hours in one minute until midnight into we sail over the fiscal cliff. the last hour of trading, last session of the year. one hour left to trade. president obama says this afternoon the progress is being made, but there is still plenty of work to be done but the stocks right now. very close to session highs, up 137 points. the nasdaq better by 58. the s&p 500 up one and a half points to low 20 points. not bad at all. the market started ticking off a little after noon when investors get worried that the president was going to speak at 130. in a tape that is pretty soon to begin, very few volumes speculated, it will to push the market higher. here you go. the dow had its intraday high of 30 minutes before the president spoke. right now of 131 points. the market moving mostly to the upside. the blue chips, hewlett-packard up above four 1/4%. $14.26 per share, but down about 45% for the year. economy names like caterpillar in the green, up three in the third. a similar story for ge up to one 1/4. so these are widely held stocks that could be in your portfol
teenine is nine hours in one minute until midnight into we sail over the fiscal cliff. the last hour of trading, last session of the year. one hour left to trade. president obama says this afternoon the progress is being made, but there is still plenty of work to be done but the stocks right now. very close to session highs, up 137 points. the nasdaq better by 58. the s&p 500 up one and a half points to low 20 points. not bad at all. the market started ticking off a little after noon when...
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Jan 1, 2013
01/13
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KPIX
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the latest on the "fiscal cliff" fiasco. and we'll look more closely at one part of the budget debate that's drawn a lot of attention, the possibility of skyrocketing milk prices. >> and a new report on the benghazi disaster levels more harsh criticism of the state department. >> the california supreme court hands down one last ruling on bumper cars in 2012 next. >> and one more fireworks extravaganza before the break and this might qualify as the biggest of the year. earlier we showed you taipei 101. here's the world's tallest building, the burj khalifa that serves as the centerpiece for the fireworks in dubai. oh, my gosh, that's amazing. we're back in 2.5 minutes. ,,,,,, ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadf
the latest on the "fiscal cliff" fiasco. and we'll look more closely at one part of the budget debate that's drawn a lot of attention, the possibility of skyrocketing milk prices. >> and a new report on the benghazi disaster levels more harsh criticism of the state department. >> the california supreme court hands down one last ruling on bumper cars in 2012 next. >> and one more fireworks extravaganza before the break and this might qualify as the biggest of the...
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Dec 29, 2012
12/12
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good luck in washington now. >>> next hour we'll hear from more lawmakers about the fiscal cliff. we'll have senator bernie sanders from vermont he'll be here as well as representative karen bass of california. in our 1:00 eastern hour right here on msnbc. >>> we need to turn now to weather. a winter storm another one dropping snow in the northeast. take a look now. you know a lot of people -- just a few days away. we've got a little snow coming down here now actually. that's the spot a lot of people are going to gather. right outside the studios here, rockefeller plaza. but the new year's countdown they expect some million people to be out there when the ball drops. but when that ball drops, how bad is it going to be out there? are they going to be getting snowed on? dylan dryer, would you recommend going out there on new year's receive in. >> of course. it's new year's eve in new york city. but the snow will be gone by then. it is a snowstorm nonetheless and the roads and anyone traveling in the northeast will run into some issues. we've already seen some reports of pretty bad r
good luck in washington now. >>> next hour we'll hear from more lawmakers about the fiscal cliff. we'll have senator bernie sanders from vermont he'll be here as well as representative karen bass of california. in our 1:00 eastern hour right here on msnbc. >>> we need to turn now to weather. a winter storm another one dropping snow in the northeast. take a look now. you know a lot of people -- just a few days away. we've got a little snow coming down here now actually. that's...
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Dec 30, 2012
12/12
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WTTG
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just less than two days to go until we go over the fiscal cliff and we are hours away from the redskins-cowboys game for the nfc east title. >>> good morning. i'm melanie alnwick. we are all over both stories. we will have a live interview on the latest on the fiscal cliff negotiations and hear from the big skins players this evening. what will the weather be like at kickoff? we have run the gamut when it comes to mother nature in recent days. many parts of our regions saw snow as well as snow and slush made it difficult on some of the roads. fast forward and here's how things are looking out right now. much of the snow and slush gone but it is windy and cold out there. gwen tolbart has the latest on the weather. [ no audio ] [ no audio ] >> can you hear me? where we've got the satellite radar composite and you can see where all the snow has moved off to the northeast and headed to the canadian maritime. here at home, things are different. clouds rolling in across the area but we will see clear skies into the course of tonight. not bad with a few clouds hanging around. here's a look at current
just less than two days to go until we go over the fiscal cliff and we are hours away from the redskins-cowboys game for the nfc east title. >>> good morning. i'm melanie alnwick. we are all over both stories. we will have a live interview on the latest on the fiscal cliff negotiations and hear from the big skins players this evening. what will the weather be like at kickoff? we have run the gamut when it comes to mother nature in recent days. many parts of our regions saw snow as well...
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Dec 31, 2012
12/12
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america staring down the fiscal cliff. t-minus nine hours and counting and washington is wasting no time. senate minority leader mcconnell saying both sides are close to a deal. it's about time. >> my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain. whatever you want to call it. that solves our deficit problems in a balanced and responsible way. with this congress, that was obviously a little bit too much to hope for at this time. it may be we can do it in stages. >> there are a number of issues on which the two sides are still apart but negotiations are continuing as i speak. but we really are running out of time. >> the vice president and i have worked together on solutions before and i believe we can again. >> no holiday for the best political team around. a triple threat, luke russert and mike viqueira on the capitol hill and kristen welker from the white house. are you happy to be working on the holiday? >> it's fantastic. >> absolutely. >> so
america staring down the fiscal cliff. t-minus nine hours and counting and washington is wasting no time. senate minority leader mcconnell saying both sides are close to a deal. it's about time. >> my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain. whatever you want to call it. that solves our deficit problems in a balanced and responsible way. with this congress, that was obviously a little bit too much to hope...
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Dec 28, 2012
12/12
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FBC
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the white house meeting on the fiscal cliff is less than an hour away. we will tell you which companies will be first to get slammed by automatic spending cuts and tax hikes and still ahead a critical weekend for retailers, analyst christian betts says shoppers have all the power right now. she is here coming up but as we do every day at this time we want to check how oil is moving. she's still the one for you - you know it even after all these years. but your erectiledysfun- you know,that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anyme the moment's right. you can be more confident in your ability to be ready. and the same cialis is t only daily ed tablet approved to treat ed and symptoms of bph, like needingo go frequently or urgently. tell your doctorbout all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. s
the white house meeting on the fiscal cliff is less than an hour away. we will tell you which companies will be first to get slammed by automatic spending cuts and tax hikes and still ahead a critical weekend for retailers, analyst christian betts says shoppers have all the power right now. she is here coming up but as we do every day at this time we want to check how oil is moving. she's still the one for you - you know it even after all these years. but your erectiledysfun- you know,that...
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Dec 28, 2012
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moments ago, as you saw, the president gave a press conference with three days until the fiscal cliff. about the latest white house meeting with congressional leaders saying it was indeed constructive. we have live fox team coverage. mike emanuel looks at the action in congress today. first, chief white house correspondent ed henry is in the briefing room where the president just spoke. >> you heard the president himself pleading with republicans and democrats on the hill, too, in his words to at least meet the one deadline, saying that the grand bargain, $4 trillion debt deal is far out o reach. but thinks they can at least do a modest package to prevent everyone's taxes going up at the end of the year. it note he made clear that this was only a possible agreement. they said he was only modestly optimistic, as the senate leaders right now, start work on just trying to scramble to put together some sort of a deal. >> timing, we are out of time. the next if hours will be important. >> with the nation on the vernal of the largest tax increase since world war ii, president obama called c
moments ago, as you saw, the president gave a press conference with three days until the fiscal cliff. about the latest white house meeting with congressional leaders saying it was indeed constructive. we have live fox team coverage. mike emanuel looks at the action in congress today. first, chief white house correspondent ed henry is in the briefing room where the president just spoke. >> you heard the president himself pleading with republicans and democrats on the hill, too, in his...
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they would have a little more than 24 hours to vote on a measure to avoid the fiscal cliff. danielle nottingham, cbs news, washington. >>> teetering on the fiscal cliff is given wall street a case of vertigo. the markets plummeted early, but the dow regained most of its 150-point lost. >>> a former bay area city councilman is about to learn first hand how washington works or doesn't. he's a newly elected congressman and heading into the capitol hill quagmire. juliette goodrich talked to stallwell about his plan to fix our fiscal ills. >> let's face it. you're the freshman walking in. >> reporter: 31-year-old newly elected eric swalwell says if the 112th congress can't figure out the fiscal cliff, he's ready to bring some small town solutions to capitol hill. >> so you really think you can take the city of dublin politics to washington and it's gonna work? >> at the end of the day, it's about personal relationships, trust, working together for the people who elected you. >> reporter: swalwell was a dublin city councilman and said he had to work with republicans in other words
they would have a little more than 24 hours to vote on a measure to avoid the fiscal cliff. danielle nottingham, cbs news, washington. >>> teetering on the fiscal cliff is given wall street a case of vertigo. the markets plummeted early, but the dow regained most of its 150-point lost. >>> a former bay area city councilman is about to learn first hand how washington works or doesn't. he's a newly elected congressman and heading into the capitol hill quagmire. juliette goodrich...
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Dec 28, 2012
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. >> we're goakd up with a small kick the can down the road bill that creates another fiscal cliff to deal with this fiscal cliff. >> the president did say deja vu all over again. if corker is right, we are going to say some of the same machinations we've seen before. if it doesn't happen, the president wants that up or down vote on his plan. >> remember night, monday night is new year's eve when it all could go bad. >> and happy new year to you. >> thank you, gary. >>> and economists are warning that going over that fiscal cliff could pull us all back into recession. congress impressional democrats attended a new year's eve style rally saying the fiscal cliff ball is in the republican court. surae chinn is on capitol hill. >> i'm urging congress to take action, stop playing games, and let's move on. >> reporter: frustration has boiled over for bob packer, a small business owner. >> i'm disappointed and angry. if they were my representeddives, i'd certainly vote them out of office. >> on tie mitchell of brokering a deal is waning. >> we do have a chance, an outside chance to get this
. >> we're goakd up with a small kick the can down the road bill that creates another fiscal cliff to deal with this fiscal cliff. >> the president did say deja vu all over again. if corker is right, we are going to say some of the same machinations we've seen before. if it doesn't happen, the president wants that up or down vote on his plan. >> remember night, monday night is new year's eve when it all could go bad. >> and happy new year to you. >> thank you,...
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Dec 26, 2012
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to work, another sign of inaction on the fiscal cliff front. joining me now for our daily fix, mr. jonathan capehart, msnbc contributor and "washington post" editorial writer. jonathan, we're just six days away, no indication from house republicans that they are going to come back any time soon. the leadership has gone mum on that. we know there's not been communication between boehner and mcconnell, obama and boehner. are you amazed with this short amount of time to go there seems to be no sense of urgency on either side? >> am i amazed, given what we went through with the debt ceiling, no, i'm not amazed. i think there are forces here in this town that would like for us, sure people would like for there to be a deal, but going over the cliff on january 1st when there's this notion where it's not really a cliff, it's a slope, it's a curb depending who you talk to, that you can repair the damage if you get a deal done, you know, a few days after january 3rd. i think people feel like they can slow walk. as we saw last week when plan b failed, yo
to work, another sign of inaction on the fiscal cliff front. joining me now for our daily fix, mr. jonathan capehart, msnbc contributor and "washington post" editorial writer. jonathan, we're just six days away, no indication from house republicans that they are going to come back any time soon. the leadership has gone mum on that. we know there's not been communication between boehner and mcconnell, obama and boehner. are you amazed with this short amount of time to go there seems to...
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just hours until the fiscal cliff deadline, house republicans have pulled a plug. this, after both senate and white house made it clear a deal was very close. >> president obama told supporters this afternoon that there has been progress in avoiding a hike in middle class tax autos preventing that tax hike has been my top priority. >> the president said the deal being worked outwqjx between the senate republican leader mcconnell and vice president will extend current tax rates for households making up to $450,000 per year, increasing estate tax rate from 35% to 40%, and extend unemployment benefits one year. sticking spoint how long to push off massive mandatory spending cuts to the pentagon and domestic program goesing into affect in the new year, democrats want a one year extension, republicans insifrting on sooner. the president issued this warning about cuts only strategy. >> if they think that is going to be the form larks they've got another thing coming. it's not how goitsing to work. >> republicans bristledíróqj2lt remarks. >> it was dismissive and insul
just hours until the fiscal cliff deadline, house republicans have pulled a plug. this, after both senate and white house made it clear a deal was very close. >> president obama told supporters this afternoon that there has been progress in avoiding a hike in middle class tax autos preventing that tax hike has been my top priority. >> the president said the deal being worked outwqjx between the senate republican leader mcconnell and vice president will extend current tax rates for...
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Dec 24, 2012
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as fiscal cliff talks drag into the 11th hour with $600 billion in tax hikes and spending cuts due to kick in early next year, lawmakers will get back to the table later this week after house speaker john boehner's plan b failed to get enough republican support for a vote last week. >>> still, the market has been resilient. despite friday's decline, the s&p 500 posted its best week in four. and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p 500 climbed 13. the nasdaq has jumped 16%. >>> reports are due this week on pending home sales. sales of new homes and a look at home prices in the nation's 20 largest cities. >>> are you still not sure what to get for the person who has everything? new retail numbers show footwear was the fifth most popular gift on shoppers' lists on black friday. a year ago, shoes didn't even make it into the top ten gifts for the season. >>> good news for hollywood. attendance by moviegoers is up more than 5.5% so far this year. ticket revenue is projected to jump by 6% by the end of 2012 which would be the industry's biggest
as fiscal cliff talks drag into the 11th hour with $600 billion in tax hikes and spending cuts due to kick in early next year, lawmakers will get back to the table later this week after house speaker john boehner's plan b failed to get enough republican support for a vote last week. >>> still, the market has been resilient. despite friday's decline, the s&p 500 posted its best week in four. and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p...
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at this hour, we remain over the "fiscal cliff" at least technically. now, the senate did pass a bear bones bill to help us get by in the meantime and now, all eyes are on the house. >> mr. alexander. >> aye. >> reporter: in the early- morning hours of new years date senate began voting on a bill to avoid the so-called "fiscal cliff." >> the bill as amended is passed. >> reporter: the senate voted 89-8 to avoid tax hooks for 99% -- to avoid tax hikes for 99% of all americans. >> this shouldn't be the way we do things but i think we have done some good for the country. >> reporter: if the bill becomes law, the bush-era tax cuts will be permanently extended for everyone making less than $400,000 a year. and families making less than $450,000 a year. it will also keep the alternative minimum tax for the wealthy from hitting millions of middle class families. >> middle class families will wake up today to the assurance that their taxes won't go up $2,200 each. >> reporter: the senate agreement delays a $110 billion in spending cuts that were due to kick in
at this hour, we remain over the "fiscal cliff" at least technically. now, the senate did pass a bear bones bill to help us get by in the meantime and now, all eyes are on the house. >> mr. alexander. >> aye. >> reporter: in the early- morning hours of new years date senate began voting on a bill to avoid the so-called "fiscal cliff." >> the bill as amended is passed. >> reporter: the senate voted 89-8 to avoid tax hooks for 99% -- to avoid tax...
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Dec 31, 2012
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when the club kids midnight, our country has hit the fiscal cliff. that is unless lawmakers can reach a deal today. john gonzalez has the latest on the efforts to make some sort of compromise. >> you can see the countdown clock on the bottom of your screen, counting down the new year and the dreaded fiscal cliff. there are reports this afternoon that there is a mini deal in the works that could spare millions of families from tax increases. after frustrating weekend, it's looks like negotiators are closing in on a deal with only hours to spare, a deal that would extend the current tax breaks for households making up to $450,000 and keeps the estate tax at upper level >> . congress is your under duress even with the people they love, themselves, special-interests. >> it appears to be a temporary bandaged and also extend unemployment benefits and delays the automatic spending cuts to the pentagon and domestic programs by three months. crack at some point you just want to not pay attention to it. >> others are more optimistic. >> hopefully, they will fi
when the club kids midnight, our country has hit the fiscal cliff. that is unless lawmakers can reach a deal today. john gonzalez has the latest on the efforts to make some sort of compromise. >> you can see the countdown clock on the bottom of your screen, counting down the new year and the dreaded fiscal cliff. there are reports this afternoon that there is a mini deal in the works that could spare millions of families from tax increases. after frustrating weekend, it's looks like...
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Dec 31, 2012
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and seven hours till the united states formally goes over that fiscal cliff. a still combative president obama says an agreement is in sight and the senate leader mitch mcconnell says it's close as well. house republicans have decided they will not vote until after taxes have already gone up. they're supposed to go up after midnight. we have complete coverage of this breaking news story as well. let's begin this hour with our senior congressional correspondent dana bash. as we've been saying, we are going over the fiscal cliff. >> reporter: technically, that is true. house has decided that there's no point, from the perspective of republicans who run the house, to stay tonight, because the plan over the past two, three days, has been for the senate, which is down the hall behind me, tore vote on any kind of deal first, and then send it to the house. the senate isn't there yet. they're very close. but close doesn't give a bill to the people who need to write it and put it on the floor for votes. so that's the reason why house republicans decided they would just
and seven hours till the united states formally goes over that fiscal cliff. a still combative president obama says an agreement is in sight and the senate leader mitch mcconnell says it's close as well. house republicans have decided they will not vote until after taxes have already gone up. they're supposed to go up after midnight. we have complete coverage of this breaking news story as well. let's begin this hour with our senior congressional correspondent dana bash. as we've been saying,...
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Dec 30, 2012
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cliff in less than 48 hours. both the house and senate will be in session this sunday, and we could see a vote as early as today. nbc's brian moore has the story. >> as senate leaders were behind closed doors mapping out an escape from the fiscal cliff. >> the economy is growing, but keeping it that way means that the folks you sent to washington have to do their jobs. >> if the nation goes over the fiscal cliff, each side says the other is to blame. >> we can still avoid going over the fiscal if the president and the democratic controlled senate with work with republicans to solve the problem and solve it now. >> all over the country right now uncertainty is in the air. >> it's not a matter of am i going to pay my light bill or not but a matter of if it's going to deplete by savings. >> it could cause us to have a drop off in sales. >> we are engaged in discussions, the majority leader and myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation. >> whatever w
cliff in less than 48 hours. both the house and senate will be in session this sunday, and we could see a vote as early as today. nbc's brian moore has the story. >> as senate leaders were behind closed doors mapping out an escape from the fiscal cliff. >> the economy is growing, but keeping it that way means that the folks you sent to washington have to do their jobs. >> if the nation goes over the fiscal cliff, each side says the other is to blame. >> we can still...
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it was a little bit after 2:00 this morning, two hours after the fiscal cliff deadline, that the senate passed a measure blocking automatic across the board tax increases and spending cuts. under the compromise taxes would go up for individuals making $400,000 or more and couples making over $450,000. that threshold, i should mention, is higher than what the president wanted. as for cuts to defense and domestic programs, that would all be delayed for about two months to allow lawmakers to continue negotiating. a little breathing room there. the deal has renewed optimism that the country will avoid the worst case scenario in all of this. should say, this is not by any stretch a done deal. it all has to be approved by the house. they reconvene at noon today. it's unclear exactly what the house will do, what their vote will be here. all eyes on the house and of course, a story that we're going to continue to follow all day long. lot of important decisions being made here and some ramifications for a lot of people. reporting live from capitol hill, megan mcgrath, news 4. aaron, back to you.
it was a little bit after 2:00 this morning, two hours after the fiscal cliff deadline, that the senate passed a measure blocking automatic across the board tax increases and spending cuts. under the compromise taxes would go up for individuals making $400,000 or more and couples making over $450,000. that threshold, i should mention, is higher than what the president wanted. as for cuts to defense and domestic programs, that would all be delayed for about two months to allow lawmakers to...
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Dec 28, 2012
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fiscal cliff faceoff. in just four days paychecks shrink and spending gets slashed if our elected officials can't figure out how to compromise. it will now be in the hands of these six leaders, the president, vice president biden, senate majority leader harry reid and house minority leader nancy pelosi on the democratic side. john boehner and mitch mcconnell representing the republicans. brianna keilar live now from washington. great to see you. house doesn't return to work until sunday. logistically speaking here, is there still enough time to work out a deal? >> i will tell you logistically speaking, logistically speaking, yes. politically speaking, very much unclear, there's a growing amount of pessimism about whether or not that can be done. we've been talking for days about how eyes are on the senate to see what harry reid cobbles together to try to get republican support in the senate and house. he's saying it's hard to see how this can get done by january 1st. so we're seeing a lot of managing of ex
fiscal cliff faceoff. in just four days paychecks shrink and spending gets slashed if our elected officials can't figure out how to compromise. it will now be in the hands of these six leaders, the president, vice president biden, senate majority leader harry reid and house minority leader nancy pelosi on the democratic side. john boehner and mitch mcconnell representing the republicans. brianna keilar live now from washington. great to see you. house doesn't return to work until sunday....
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any moment now we expect to hear from president obama on the 11th hour fiscal cliff talks that he had this afternoon with the congressional leaders. we're joined now about nbc's kristin welker who is on the north lawn of the white house to give us a sense of where we think the talks are at. earlier today we just heard from senate leader mitch mcconnell's office saying he hopes that senate leaders can make recommendations on the fiscal cliff by sunday. kristin, i just want to ask you while we're waiting for the president to come out here, do you get a sense of where the white house is feeling these talks are going? >> reporter: according to a source close to the talks, president obama thought the conversation was constructive this afternoon. he apparently reiterated the plan that he basically mapped out last friday, which would extend the bush era tax cuts for those making $250,000 or less, extend unemployment insurance as well as the estate tax, and i am told that those are two of the sticking points, the estate tax as well as that $250,000 figure. so that's really where the problem l
any moment now we expect to hear from president obama on the 11th hour fiscal cliff talks that he had this afternoon with the congressional leaders. we're joined now about nbc's kristin welker who is on the north lawn of the white house to give us a sense of where we think the talks are at. earlier today we just heard from senate leader mitch mcconnell's office saying he hopes that senate leaders can make recommendations on the fiscal cliff by sunday. kristin, i just want to ask you while we're...
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cliff. >> we've come right to the 11th hour. the -- the fact that there's going to be a substantive deal that comes out of this in the 11th hour is probably nil to zero, right? essentially in my sense, it's easier to go over the cliff. then there's clarity, right? taxes will go up, spending will get cut. the market will know what is going to happen. it can only get better from there because then you'll get legislators that come to the table, that try to cut taxes and raise some spending, and they'll argue it from a positive point of view and stand up and say, rah-rah, look what we, did right? it won't get any worse if we go over the cliff. if there's a bandaid, it leaves complete confusion, there is no clarity, the market will probably react more negative than actually going over the cliff. i think that's what investors have to be concerned about. now, that being said, i don't think the market's going to crash by any sense. but -- i think there's a lot of money still on the streamlines that needs to be invest -- the sidelines th
cliff. >> we've come right to the 11th hour. the -- the fact that there's going to be a substantive deal that comes out of this in the 11th hour is probably nil to zero, right? essentially in my sense, it's easier to go over the cliff. then there's clarity, right? taxes will go up, spending will get cut. the market will know what is going to happen. it can only get better from there because then you'll get legislators that come to the table, that try to cut taxes and raise some spending,...
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. >> the obvious question, are we going to go over the fiscal cliff? >> we'll find out in the next 48 hours what congress will decide to do. but i think it's important for the american people to understand exactly what this fiscal cliff is. it's actually not that complicated. the tax cuts that were introduced in 2001, 2003, 2010, those were extended, and they are all about to expire at the end of the year. so on midnight december 31, if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income. for the entire economy, that means consumers have a lot less money to make purchases, which means businesses are going to have a lot less customers, which means that they are less likely to hire, and the whole economy could slow down at a time when the economy is actually starting to pick up. we are seeing signs of recovery in housing and in employment numbers improving. and so what congress needs to do, first and foremost, is to prevent taxes from going up for the vast majority of americans. and t
. >> the obvious question, are we going to go over the fiscal cliff? >> we'll find out in the next 48 hours what congress will decide to do. but i think it's important for the american people to understand exactly what this fiscal cliff is. it's actually not that complicated. the tax cuts that were introduced in 2001, 2003, 2010, those were extended, and they are all about to expire at the end of the year. so on midnight december 31, if congress doesn't act, then everybody's taxes...
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lawmakers are running out of time to avert the fiscal cliff. the latest on the 11th-hour scramble.
lawmakers are running out of time to avert the fiscal cliff. the latest on the 11th-hour scramble.
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special coverage of the fiscal cliff negotiations. but we wanted to tell you, once again, secretary of state hillary clinton has been hospitalized. that being confirmed this hour by phillipe rhines at the state department. in the course of a follow-up exam today, secretary clinton's doctors discovered a blood clot formed stemming from the concussion she sustained several weeks ago. she's being treated with anti-coagulants at new york presbyterian hospital so they can monitor the medication over the next 48 hours. her doctors will continue to assess her condition, including other issues that may be associated with the concussion and then determine if further action is required. you may remember that she had a severe stomach virus and became severely dehydrated, and then we learned, in the middle of december, that after she canceled an overseas trip, that she had fainted and because of that severe dehydration, and suffered that concussion, she also had to cancel her testimony on benghazi. we have been told that she was expected to go ba
special coverage of the fiscal cliff negotiations. but we wanted to tell you, once again, secretary of state hillary clinton has been hospitalized. that being confirmed this hour by phillipe rhines at the state department. in the course of a follow-up exam today, secretary clinton's doctors discovered a blood clot formed stemming from the concussion she sustained several weeks ago. she's being treated with anti-coagulants at new york presbyterian hospital so they can monitor the medication over...
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the clock is ticking, 12 hours before we hit that fiscal cliff deadline. if a deal is not reached, how is it going to affect us? the tax policy center crunched numbers. here's a couple scenario. if you're single with no kids and you make $50,000 a year, you you see your taxes go up by $1500. now, take a married couple with two kids making $100,000. they would see their taxes go up $5300 a year. i want to turn to christine patrolman m romans in new york to talk about the people that are really, really going to feel this immediately and it's going to have the greatest impact. who are they? >> the first people to feel it are on extended federal unemployment benefits. for them, for 2 million of them suzanne, on december 29th, that was the end of the last week of unemployment benefits for them. so immediately hundreds of dollars a week of unemployment benefits go away. for everyone else, anybody who works at a company and pays payroll taxes, your taxes will rise. it looks like that will happen no matter what. your pay dhek will be p smaller no matter what becau
the clock is ticking, 12 hours before we hit that fiscal cliff deadline. if a deal is not reached, how is it going to affect us? the tax policy center crunched numbers. here's a couple scenario. if you're single with no kids and you make $50,000 a year, you you see your taxes go up by $1500. now, take a married couple with two kids making $100,000. they would see their taxes go up $5300 a year. i want to turn to christine patrolman m romans in new york to talk about the people that are really,...
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trying to pull us back from the brink of the fiscal cliff couldn't get much closer to the wire in a few hours time americans will be hit hard by billions of dollars of tax hikes and spending cuts. come into effect on tuesday but republicans and democrats just can't agree on how to avert it and time is rapidly running out washington correspondent. the u.s. congress created this cliff situation when they failed to agree on a budget that would help the country reduce its deficit and its you monger's debt and what they did was what they usually do they put off those important decisions until a certain deadline that deadline is now so they came up with this scary word cliff to create lots of drama around which would be the ordinary maybe somewhat boring working process of any congress or parliament that is to agree on a budget the need to deadlines so the cliff which actually describes the mode in which the congress is working their inability to make decisions until the very very last minute the cliff that u.s. lawmakers have artificially created could become very real for the american peopl
trying to pull us back from the brink of the fiscal cliff couldn't get much closer to the wire in a few hours time americans will be hit hard by billions of dollars of tax hikes and spending cuts. come into effect on tuesday but republicans and democrats just can't agree on how to avert it and time is rapidly running out washington correspondent. the u.s. congress created this cliff situation when they failed to agree on a budget that would help the country reduce its deficit and its you...
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until the fiscal cliff deadline. two sides made it very clear. john boehner couldn't pass with house republicans the idea of raising taxes only on those making more than a million dollars. the president has insisted throughout that $250,000 had been his limit. it's bumped up to $400,000. but even when they were within just a couple hundred billion dollars, which seems like a lot to you and me but it is not a lot in the language of washington, then they went opposite directions an enwhere the political particular sis stands at this moment. >> all right. peter and alexander, thank you good sir. joining me now karen bass of california. congresswoman, good to see you and nice to see you there from the capitol. you are still in california because house members, again, haven't been called back and given the 48-hour notice to my knowledge. have you? >> exactly. i have flights scheduled every day waiting for that notice to come. i think it is a shame. i think the house should be back in business in d.c. right now. the senate
until the fiscal cliff deadline. two sides made it very clear. john boehner couldn't pass with house republicans the idea of raising taxes only on those making more than a million dollars. the president has insisted throughout that $250,000 had been his limit. it's bumped up to $400,000. but even when they were within just a couple hundred billion dollars, which seems like a lot to you and me but it is not a lot in the language of washington, then they went opposite directions an enwhere the...
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with less than 48- hours until the u-s economy goes over what's being called the fiscal cliff - lawmakers are locked in a fierce face-off over a set of spending cuts and tax hikes. >>> "we're apart on some pretty big issues." "i'm willing to get this done, but i need a dance partner." >> reporter: on n-b-c's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for everyone but the wealthiest americans. >>> "regardless of partisan differences, our top priority has to be to make sure that taxes on middle class families do not go up that would hurt our economy badly." >> reporter: a major sticking point continues to be the annual income level at which those tax increases should kick in. the threshold has wavered from 250-thousand dollars to as high as one-million dollars. republicans argue the country doesn't have a tax revenue problem, it has a spending problem. "unless we do something about spending, the government will continue to get bigger and the deficit will continue to get bigger." >> reporter: following the president's interview, speaker of t
with less than 48- hours until the u-s economy goes over what's being called the fiscal cliff - lawmakers are locked in a fierce face-off over a set of spending cuts and tax hikes. >>> "we're apart on some pretty big issues." "i'm willing to get this done, but i need a dance partner." >> reporter: on n-b-c's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for everyone but the wealthiest americans. >>>...
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next up, a quarter to the hour. stocks every 15 minutes. the dow is down on fiscal cliff peers. it was down triple digits. it appears to be back up. nicole: everyone has their focus on washington. they are waiting on something to come out of washington. they need to solve the fiscal cliff. let's take a look at the major averages. they are all down or then a half of a percentage each. ford adding over 2300 workers in michigan. bank of america hit a new 52 week high. smith and wesson, they make guns. they have been under pressure after the shooting in connecticut. now, they are back in action. research in motion, but very tan, waiting on that. there were concerns on how many sales actually occurred. liz: thank you. even if we can get an answer to the debt crisis from washington, d.c., the real damage may be done by the new regulation. first, some of today's winners. take a look. ♪ liz: next up, a solution to the looming debt crisis may do little to save us from an economic disaster. the white house is working on a brand-new set of regulations that could handcuff business growth.
next up, a quarter to the hour. stocks every 15 minutes. the dow is down on fiscal cliff peers. it was down triple digits. it appears to be back up. nicole: everyone has their focus on washington. they are waiting on something to come out of washington. they need to solve the fiscal cliff. let's take a look at the major averages. they are all down or then a half of a percentage each. ford adding over 2300 workers in michigan. bank of america hit a new 52 week high. smith and wesson, they make...
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the fiscal cliff tonight at midnight is the deadline after all and it even brought the u.s. congress into work yesterday on a sunday as some people have been waiting with bated breath to see just what the terms of the deal will look like it's important to remember at least for the last few years budget deals always come down to the last known moment getting this done before the holidays would have meant lawmakers on both sides would appear to their constituents as desperate and being forced to vote one way or the other now we do want to outline for you the latest details of the deal to avert the fiscal cliff as of now the potential deal could bring six hundred billion dollars in revenue taxes would be increased. by nearly forty percent on individuals earning four hundred thousand dollars or more and for families earning four hundred fifty thousand dollars the earned income tax credit the child tax credit and the college tax credit would be extended for another five years the estate tax would be raised to forty percent for properties worth more than five million dollars the d
the fiscal cliff tonight at midnight is the deadline after all and it even brought the u.s. congress into work yesterday on a sunday as some people have been waiting with bated breath to see just what the terms of the deal will look like it's important to remember at least for the last few years budget deals always come down to the last known moment getting this done before the holidays would have meant lawmakers on both sides would appear to their constituents as desperate and being forced to...